Mild Weather Drives Gas Prices Down In Europe

The benchmark natural gas prices in Europe continued to fall on Monday, for a third trading day in a row, as forecasts of milder weather this week and sufficient LNG deliveries calmed the market. The benchmark price for Europe at the Dutch Title Transfer Facility (TTF) fell by nearly 5 percent early on Monday, while the UK day-ahead wholesale gas price also dropped, by 2.6 percent. Expectations of milder weather in many parts of Europe this week, as well as stable pipeline gas supply from Russia and more LNG cargoes set to arrive in the region,…